if you look at the unaudited our loss is getting b

if you look at the unaudited our loss is getting better year over year ,quarter over quarter. we are headed for profitability here this was put out before all of the debit cancelations we now have.
If you look at the first statement here it shows  our lose is less on each year and quarter over quarter. these are unaudited statements we are looking at here.

Medical Alarm Concepts Holding, Inc.
CONSOLIDATED STATEMENTS
OF OPERATIONS
(Unaudited)			Year End Fiscal				Year End Fiscal				Quarter Ending				Quarter Ending
			June 30, 2011				June 30, 2012				September 30, 2012				December 31, 2012
Revenue		$	452,110			$	573,472			$	95,426			$	102,280
Cost of Sales			148,877				322,795				27,182				78,599
Gross Profit		$	303,233			$	250,678			$	68,244			$	23,681
Operating Expenses
Advertising and Marketing			599,032				98,472				56,672				43,892
Amortization			416,667				416,667				104,167				104,167
Compensation			52,470				47,184				33,000				26,798
Depreciation			5,249				5,250				1,312				1,312
General and Administrative			209,695				183,442				37,433				41,625
Professional Fees			135,320				139,737				14,788				16,164
Research and Development			108,742				18,300				30,000				836
Travel and Entertainment			46,598				33,434				5,804				5,817
Total Operating Expenses		$	1,573,773			$	942,485			$	283,176			$	240,611
Loss from Operations		$	(1,270,540	)		$	(691,807	)		$	(214,932	)		$	(216,930	)
Other Income (Expenses)											(40,000	)
Gain (loss) on Derivative Liabilities			697,429
Interest for Patent							110,000				50,000				27,500
Interest Income (Expense)			(251,967	)			18,500
Total Other income (Expense)			445,462				128,500				(90,000	)			(27,500	)
income (Loss) Before Income Taxes		$	(825,078	)		$	(820,307	)		$	(304,932	)		$	(244,430	)
Provision for Income Tax
Net Income (Loss)		$	(825,078	)		$	(820,307	)		$	(304,932	)		$	(244,430	)

Medical Alarm Concepts Holding, Inc.
CONSOLIDATED BALANCE SHEET
			December 31, 2012
			(Unaudited)
Current Assets
Cash and on Deposit at Vendors		$	93,153
Restricted Cash			(265	)
Account Receivable			58,514
Un-deposited Funds			3,796
Allowance for Bad Debt			(12,855	)
Inventory			52,042
Loan Receivable			100,000
Payroll Exchange			1,907
Total Current Assets		$	196,265
Fixtures			20,000
Office Equipment			11,964
Accum. Depreciation			(23,625	)
Patent			2,500,000
Amort. of Patent			(1,874,998	)
Shareholders Loans			49,508
Total Assets		$	879,115
Current Liabilities
Accounts Payable			86,348
Unapplied Cash			1,299
Unapplied Credit			4,393
Accrued Expenses			12,005
Taxes Payable			18,895
Due to Officer			43,011
Prepay to AR			0
Def Revenue			240,500
Common Stock to be Issued			15,000
Total Current Liabilities		$	421,451
Long Term Liabilities
Derivative Liabilities - Warrants			393,380
Note to Biotech			472,794
Note Payable - Long Term			2,500,000
Note Payable - Investors			346,921
Total Liabilities		$	4,134,546
Equity
Paid in Capital			5,359,169
Common Stock			122,256
Retained Earnings			(22,654,050	)
Retained Earnings - CPC			14,936,987
Preferred Stock			55
Preferred Stock Series B			995
Net Income (Loss Current Fiscal			(1,021,383	)
Total Liabilities & Equity		$	878,576

Medical Alarm Concepts Holding, Inc.
CONSOLIDATED STATEMENTS OF OPERATIONS
			Nine Months				Three Month Ending				Year End Fiscal
			March 31, 2011				June 1, 2011				June 30, 2011
			(Unaudited)				(Unaudited)				(Unaudited)
Revenue		$	418,776			$	33,334			$	452,110
Cost of Sales			147,115				1,762				148,877
Gross Profit			271,661				31,572				303,233
Operating Expenses
Advertising and Marketing			596,137				2,895				599,032
Amortization			312,500				104,167				416,667
Compensation			52,470								52,470
Depreciation			3,937				1,312				5,249
General and Administrative			174,492				35,203				209,695
Professional Fees			138,165				(2,845	)			135,320
Research and Development			74,280				34,462				108,742
Travel and Entertainment			42,503				4,095				46,598
Total Operating Expenses			1,394,492				179,289				1,573,773
Loss from Operations		$	1,122,381	)		$	147,717	)		$	1,270,540	)
Other Income (Expenses)
Gain (loss) on Derivative Liabilities			697,429								697,429
Other Expense
Interest Income (Expense)			(214,467	)			(37,500	)			(251,967	)
Total Other income (Expense)			482,962				(37,500	)			445,462
Income (Loss) Before Taxes		$	(639,869	)		$	(185,217	)		$	(825,078	)
Provision for Income Tax
Net Income (Loss)		$	(639,869	)		$	(185,217	)		$	(825,078	)
Net Income (loss) Per share			(0	)
Average Common Shares			247,132,983

Medical Alarm Concepts Holding, Inc.
CONSOLIDATED BALANCE SHEET
			June 30, 2011
			(Unaudited )
Current Assets
Cash		$	(794	)
Restructured Cash			(265	)
Account Receivable			24,035
Allowance for Bad Debt			(12,855	)
Inventory			22,462
Payroll Exchange			1,907
Total Current Assets		$	34,491
Fixtures			20,000
Office Equipment			11,964
Accum. Depreciation			(15,750	)
Patent			2,500,000
Amort. of Patent			(1,249,998	)
Shareholders Loans			49,508
Total Assets		$	1,350,215
Liabilities
Accounts Payable			188,630
Unapplied Cash			709
Unapplied Credit			4,852
Taxes Payable			18,895
Due to Officer			43,011
Def Reveues			80,998
Derivative Liabilities - Warrants			393,380
Common Stock to be Issued			15,000
Note Payable - Long Term			2,500,000
Note Payable - Investors			298,456
Total Liabilities		$	3,543,930
Equity
Paid in Capital		$	5,212,540
Common Stock			32,761
Retained Earnings			(22,112,181	)
Retained Earnings - CPC			14,936,987
Preferred Stock			55
Preferred Stock Series B			995
Net Income (Loss Current Fiscal			(264,872	)
Total Liabilities & Equity		$	1,350,215

Medical Alarm Concepts Holding, Inc.
CONSOLIDATED STATEMENTS OF OPERATIONS
		Year End Fiscal
		June 30, 2012
			(unaudited )
Revenue		$	573,472
Cost of Sales			323,795
Gross Profit		$	249,833
Operating Expenses
Advertising and Marketing			98,472
Amortization			416,667
Compensation			21,950
Depreciation			5,250
General and Administrative			325,757
Professional Fees			32,998
Research and Development			18,300
Travel and Entertainment			31,457
Total Operating Expenses			950,850
Loss from Operations		$	(701,018	)
Other Income (Expenses)			125,001
Gain (loss) on Derivative Liabilities
Interest for Patent			154,500
Interest Income (Expense)			18,500
Total Other income (Expense)			(47,999	)
income (Loss) Before Income Taxes		$	(749,017	)
Provision for Income Tax			0
Net Income (Loss)		$	(749,017	)

Medical Alarm Concepts Holding, Inc.
CONSOLIDATED BALANCE SHEET
			June 30, 2012
			(Unaudited)
Current Assets
Cash and on Deposit at Vendors		$	120,978
Restricted Cash			(265	)
Account Receivable			16,970
Undeposited Funds			3,967
Allowance for Bad Debt			(12,855	)
Inventory			52,042
Loan Receivable			100,000
Payroll Exchange			1,907
Total Current Assets		$	282,744
Fixtures			20,000
Office Equipment			11,964
Accum. Depreciation			(21,000	)
Patent			2,500,000
Amort. of Patent			(1,666,664	)
Shareholders Loans			49,508
Total Assets		$	1,176,551
Liabilities
Accounts Payable			67,285
Unapplied Cash			1,203
Unapplied Credit			4,393
Accrued Expenses			12,005
Taxes Payable			18,895
Due to Officer			43,011
Prepay to AR			228
Total Current Liabilities		$	147,020
Long Term Notes			465,294
Def Revenue			103,945
Derivative Liabilities - Warrants			393,380
Common Stock to be Issued			15,000
Note Payable - Long Term			2,500,000
Note Payable - Investors			312,471
Total Long Term Liabilities		$	3,790,089
Total Liabilities		$	3,937,109
Equity
Paid in Capital			5,328,769
Common Stock			98,706
Retained Earnings			(22,654,050	)
Retained Earnings - CPC			14,936,987
Preferred Stock			55
Preferred Stock Series B			995
Net Income (Loss Current Fiscal			(472,020	)
Total Liabilities & Equity		$	1,176,551

Medical Alarm Concepts Holding, Inc.
CONSOLIDATED STATEMENTS OF OPERATIONS
		Fiscal Quarter Ending
		September 30, 2012
			( Unaudited )
Revenue		$	95,426
Cost of Sales			27,182
Gross Profit		$	68,244
Operating Expenses
Advertising and Marketing			56,672
Amortization			104,167
Compensation			33,000
Depreciation			1,312
General and Administrative			37,433
Professional Fees			14,788
Research and Development			30,000
Travel and Entertainment			5,804
Total Operating Expenses			283,176
Loss from Operations		$	(214,932	)
Other Income (Expenses)			(40,000	)
Gain (loss) on Derivative Liabilities
Interest for Patent			50,000
Interest Income (Expense)
Total Other income (Expense)			(90,000	)
income (Loss) Before Income Taxes		$	(304,932	)
Provision for Income Tax			0
Net Income (Loss)		$	(304,932	)

Medical Alarm Concepts Holding, Inc.
CONSOLIDATED BALANCE SHEET
			September 30, 2012
			(Unaudited)
Current Assets
Cash and on Deposit at Vendors		$	103,258
Restricted Cash			(265	)
Account Receivable			62,462
Undeposited Funds			3,769
Allowance for Bad Debt			(12,855	)
Inventory			52,042
Payroll Exchange			1,907
Total Current Assets		$	210,318
Fixtures			20,000
Office Equipment			11,964
Accum. Depreciation			(22,312	)
Patent			2,500,000
Amort. of Patent			(1,770,831	)
Shareholders Loans			49,508
Total Assets		$	998,647
Liabilities
Accounts Payable			71,497
Unapplied Cash			1,323
Unapplied Credit			4,932
Accrued Expenses			12,005
Taxes Payable			18,895
Due to Officer			43,011
Prepay to AR			37
Total Current Liabilities		$	151,700
Long Term Notes			299,640
Def Revenues			170,642
Derivative Liabilities - Warrants			393,380
Common Stock to be Issued			15,000
Note Payable - Long Term			2,500,000
Note Payable - Investors			472,794
Total Long Term Liabilities		$	3,851,456
Total Liabilities		$	4,000,687
Equity
Paid in Capital			5,368,669
Common Stock			122,256
Retained Earnings			(22,654,050	)
Retained Earnings - CPC			14,936,987
Preferred Stock			55
Preferred Stock Series B			995
Net Income (Loss Current Fiscal			(776,953	)
Total Liabilities & Equity		$	998,647

Read more: http://www.faqs.org/sec-filings/130212/MEDICA...z2bWnsbpbS